Top Obama administration officials are considering relaxing federal laws banning crude-oil exports, a move that would upend decades-old policy, cause a political stir in Washington and sway the global oil market.

U.S. Energy Secretary Ernest Moniz said Tuesday that some of the fast-growing supply of domestically produced oil isn't suitable for refining locally, which could warrant re-examining a nearly 40-year-old law that bans...

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U.S. Considers Lifting Crude Oil Export Ban

The U.S. is considering relaxing regulations that ban the export of crude oil as domestic production grows and the quality of some of the crude produced in the country isn't suitable for refining locally, U.S. Energy Secretary Ernest Moniz said. Liam Denning joins MoneyBeat. Photo: Getty Images.